Movement Alert｜Southern Copper Corp Intraday Rise 3.11% in Regular Trading, strong third-quarter results continued to support the rebound

Market Focus10-27 22:55

On October 27, Southern Copper Corp rose 3.11% in Regular Trading, trading at $191.715 per share, with turnover of $70.9819 million.

The move was supported by the company’s recently reported third-quarter results, which showed stronger-than-expected revenue, profit, and EBITDA.

For the quarter ended September 30, Southern Copper Corp reported revenue of $4.697 billion, up 39.1% year over year, and net income attributable to shareholders of $1.802 billion, up 62.7%, a record quarterly high. Sales reached $4.7 billion, above the $4.46 billion analyst expectation, while adjusted EBITDA was $3.04 billion, also above the $2.91 billion consensus. Net margin improved to 38.4% from 32.8% a year earlier, reinforcing the view that the company’s operating fundamentals remained strong.

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